— Shares of consumer and commercial products distributor Newell Brands popped 6% following an upgrade to buy from hold from SunTrust. The firm raised its price target to $25 a share from $15 a share and said the company is on the verge of a turnaround.
— Shares of Thor Industries surged more than 21%, on pace for its best day of trading since September 2011, after reporting better-than-expected profits for its fourth-quarter earnings. Earnings per share were $1.67, topping estimates of $1.43, according to Refinitiv. The manufacturer of recreational vehicles stock's jump higher comes despite lower-than-expected sales, which showed particular weakness in North America for both towable and motorized RVs.
Because, why not? Ridiculous market.
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